When the lowest bid isn’t

There can be a big price tag attached to going with the contractor with the lowest bid.
The simple fact of the matter is, you can’t undercut the competition without cutting corners.

Have you heard of value bidding? It’s a system that is gaining acceptance throughout the world and it makes a lot of sense in the high stakes construction industry.

Value bidding in a nutshell is simply looking at the whole, true value of your building beyond the cost of just getting it built and seeing the true cost over the life of the building into the maintenance years. Value Bidding also takes into consideration the contractor, their reputation and track record as well as their workforces training and safety record, the materials used, the processes utilized and time schedules, just to name a few.

This ensures all stakeholders, owners, contractors and workforce are making decisions on a fair and level playing field.